Wednesday, 7 February 2018

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 07 FEBRUARY 2018

Soyabean trading range for the day is 3451-3649. Soyabean prices gained on short covering after prices dropped on increasing demand concerns and easing supply worries. Currently crushers are liquidating their stocks in derivative markets to book higher profit in anticipation of increasing global ending stockpiles.NCDEX accredited warehouses soyabean stocks dropped by 1422 tonnes to 197713 tonnes. At the Indore spot market in top producer MP, soybean dropped -47 Rupees to 3560 Rupees per 100 kgs.



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